Ethereum (ETH) Price Prediction: Can Rising Demand from BlackRock Fuel Bullish Momentum?

Explore key highlights within the Web3 area. This article dives into: “Ethereum (ETH) Price Prediction: Can Rising Demand from BlackRock Fuel Bullish Momentum?”.

Ethereum (ETH) worth skilled the same volatility to Bitcoin (BTC) up to now 24 hours, following the feud between Elon Musk and U.S. President Donald Trump. The large-cap altcoin, with a completely diluted valuation of about $300 billion and a 24-hour common buying and selling quantity of about $18.5 billion, rebounded from an important assist stage of round $2,407 up to now 24 hours to commerce about $2,478 on Friday, through the late North American buying and selling session.

However, the latest crypto rebound has triggered fears of a possible lifeless cat bounce. Moreover, the feud between Trump and Musk could proceed to divide the crypto market. 

BlackRock Leads in Ethereum Accumulation

According to on-chain knowledge evaluation, BlackRock has step by step shifted its focus from Bitcoin to Ether up to now few days. In the previous week, BlackRock’s ETHA recorded a web money influx of over $492 million to presently maintain about $4.84 billion in cumulative web money influx on the time of this writing.

The gradual crypto money rotation from Bitcoin to Ethereum has fueled the narrative of the much-anticipated altseason 2025. Moreover, the ETH/BTC pair has been dropping for the previous few years till lately, signaling a significant shift by institutional buyers to the altcoin market.

What Next for ETH Price?

Since breaking out of a longtime falling trendline within the first quarter, the ETh worth has been forming a rising development characterised by increased highs and better lows within the decrease timeframes. The altcoin has, nevertheless, been consolidating in a decent vary between $2,400 and $2,679 up to now few weeks.

From a technical analysis perspective, Ether’s worth is properly positioned to rally above $3k if the patrons handle to push the altcoin above $2,679 within the coming weeks. However, a constant shut beneath $2.4k will sign additional short-term bearish sentiment in the direction of $2.2k.

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